McDonnell Signs Virginia’s Transportation Bill

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Credit: Win McNamee/Getty Images

Credit: Win McNamee/Getty Images

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RICHMOND, Va. (CBSDC/AP) —Virginia Gov. Bob McDonnell ceremonially signed Virginia’s Road to the Future bill Monday, putting into effect a sweeping, long-term overhaul of Virginia’s system for funding repairs and upkeep of highways.

Approval of the compromise bill came on the final day of the 2013 session of the General Assembly.

The measure replaces Virginia’s 17 1/2 cents-per-gallon retail gasoline tax with a 3.5 percent wholesale tax on gasoline and a 6 percent levy on diesel fuel. It boosts statewide sales taxes from 5 percent to 5.3 percent and increases the titling tax on car sales.

The legislation also rules out proposed tolls on Interstate 95 south of Petersburg.

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(TM and Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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